Manchester United (NYSE:MANU) Now Covered by Analysts at UBS Group

UBS Group started coverage on shares of Manchester United (NYSE:MANU) in a report published on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $23.00 target price on the stock.

Separately, StockNews.com raised Manchester United to a “sell” rating in a research report on Wednesday, December 4th.

Manchester United Stock Up 3.2 %

Shares of NYSE MANU opened at $18.24 on Tuesday. The company has a market cap of $3.09 billion, a P/E ratio of -27.64 and a beta of 0.68. The firm has a 50-day simple moving average of $16.85 and a two-hundred day simple moving average of $16.72. Manchester United has a 1 year low of $13.50 and a 1 year high of $22.00. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.36 and a quick ratio of 0.35.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in Manchester United by 24.5% in the third quarter. Janus Henderson Group PLC now owns 614,965 shares of the company’s stock worth $9,950,000 after purchasing an additional 121,211 shares during the last quarter. Ariel Investments LLC grew its stake in Manchester United by 50.9% during the 2nd quarter. Ariel Investments LLC now owns 8,007,070 shares of the company’s stock worth $129,234,000 after buying an additional 2,700,337 shares during the last quarter. Harvey Partners LLC raised its stake in Manchester United by 156.9% in the third quarter. Harvey Partners LLC now owns 740,000 shares of the company’s stock valued at $11,973,000 after buying an additional 452,000 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of Manchester United by 10.7% during the second quarter. Gabelli Funds LLC now owns 377,383 shares of the company’s stock worth $6,091,000 after acquiring an additional 36,507 shares during the last quarter. Finally, Lancaster Investment Management acquired a new position in shares of Manchester United during the third quarter valued at about $9,094,000. Hedge funds and other institutional investors own 23.34% of the company’s stock.

Manchester United Company Profile

Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.